Darden Restaurants

Darden Restaurants, Inc., owns and operates more than 1,500 restaurants that generate approximately $6.3 billion in annual sales. Headquartered in Orlando, Fla., and employing 150,000 people, Darden is recognized for a culture that rewards caring for and responding to people. In 2011, Darden was the first restaurant company ever named to the FORTUNE “100 Best Companies to Work For” list. Our restaurant brands – Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House – reflect the rich diversity of those who dine with us.

Our brands are built on deep insights into what our guests want. Darden’s scale enables us to have the best systems in the industry, including the best in training and opportunity for our people. As we continue to invest in system updates and upgrades, we’re not only enabling greater consistency, accuracy and efficiency in our restaurants, but giving our people time to make the human touch an even larger part of dining with us. By combining our resources and working closely together, we're able to make every moment matter even more.

Company Growth (employees)
Type
Public
HQ
Orlando, US
Founded
1968
Size (employees)
150,942 (est)
Website
darden.com
Darden Restaurants was founded in 1968 and is headquartered in Orlando, US

Key People at Darden Restaurants

Gene Lee

Gene Lee

President & Chief Executive Officer
Rick Cardenas

Rick Cardenas

Senior Vice President & Chief Financial Officer
Chris Chang

Chris Chang

Senior Vice President & Chief Information Officer

Darden Restaurants Office Locations

Darden Restaurants has an office in Orlando
Orlando, US (HQ)
1000 Darden Center Dr

Darden Restaurants Data and Metrics

Darden Restaurants Financial Metrics

Darden Restaurants's revenue was reported to be $1.9 b in Q3, 2017
USD

Revenue (Q3, 2017)

1.9 b

Net income (Q3, 2017)

355.3 m

EBIT (Q3, 2017)

229.5 m

Market capitalization (25-Jul-2017)

10.9 b

Cash (26-Feb-2017)

391.4 m
Darden Restaurants's current market capitalization is $10.9 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

6.3 b6.8 b6.9 b

Revenue growth, %

8%3%

General and administrative expense

384.9 m

Operating expense total

6.1 b6.4 b6.3 b

EBIT

308.9 m367.6 m622.2 m

EBIT margin, %

5%5%9%

Interest expense

172.5 m

Pre tax profit

174.6 m175.3 m449.7 m

Income tax expense

(8.6 m)(21.1 m)90 m

Net Income

286.2 m709.5 m375 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

1.6 b1.6 b1.7 b1.7 b1.8 b1.7 b1.6 b1.9 b

General and administrative expense

160 m190.4 m134.2 m95.2 m87.7 m79.5 m87.2 m

Operating expense total

160 m190.4 m134.2 m95.2 m87.7 m79.5 m87.2 m

EBIT

134.2 m221.2 m161.3 m116.5 m229.5 m

EBIT margin, %

8%12%9%7%12%

Interest expense

111.3 m33.7 m23.3 m22.4 m83.1 m9.9 m9.5 m9.3 m

Pre tax profit

(43.7 m)(54.6 m)147.1 m138.1 m151.4 m107 m220.2 m

Income tax expense

(24.4 m)(23.8 m)18.7 m30.8 m29.9 m40.3 m27.3 m53.9 m

Net Income

503.2 m470.4 m604.2 m86.4 m235.4 m110.2 m189.7 m355.3 m
USDFY, 2014FY, 2015FY, 2016

Cash

98.3 m535.9 m274.8 m

Accounts Receivable

6.4 m

Inventories

196.8 m163.9 m175.4 m

Current Assets

2 b1.1 b820.3 m

Goodwill

872.5 m872.4 m872.3 m

Total Assets

7.1 b6 b4.6 b

Accounts Payable

233.1 m198.8 m241.9 m

Total Debt

15 m15 m

Current Liabilities

1.6 b1.2 b1.2 b

Total Liabilities

2.6 b

Retained Earnings

995.8 m1 b547.5 m

Total Equity

2.3 b2 b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

2.6 x2.3 x
USDQ1, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

690.1 m215.8 m114.7 m116.8 m391.4 m

Inventories

162.6 m178.9 m161.8 m183.6 m168 m

Current Assets

1.2 b729.9 m610.8 m683.4 m884.9 m

Goodwill

872.4 m872.3 m872.3 m872.3 m872.3 m

Total Assets

6 b4.5 b4.4 b4.5 b4.7 b

Accounts Payable

210.2 m190.6 m214.1 m249.6 m205.5 m

Current Liabilities

1.1 b1.2 b1.1 b1.2 b1.2 b

Retained Earnings

1 b507.5 m429.3 m424.4 m520 m

Total Equity

2.4 b1.9 b1.8 b1.9 b2 b

Financial Leverage

2.5 x2.3 x2.4 x2.4 x2.4 x
USDFY, 2014FY, 2015FY, 2016

Net Income

286.2 m709.5 m375 m

Depreciation and Amortization

290.2 m

Inventories

(25.6 m)64.5 m(11.8 m)

Accounts Payable

27.2 m(20.9 m)45.6 m

Long-term Borrowings

(1.1 b)(1.1 b)

Dividends Paid

(288.3 m)(278.9 m)(268.2 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

503.2 m470.4 m604.2 m86.4 m235.4 m110.2 m189.7 m355.3 m

Depreciation and Amortization

78.7 m158.8 m238.4 m81.1 m223.4 m66.8 m134.6 m202.5 m

Inventories

26.8 m34.9 m55.6 m1.3 m(15.2 m)13.6 m(8.3 m)7.3 m

Accounts Payable

(39.8 m)(36.9 m)(43.5 m)9.8 m(5 m)(27.7 m)(3.5 m)(46.8 m)

Long-term Borrowings

(949.9 m)(1.1 b)(1.1 b)(15 m)(1.1 b)

Dividends Paid

(72.8 m)(140.9 m)(209.3 m)(70 m)(204.8 m)(70.5 m)(139.5 m)(208.9 m)
USDY, 2017

Revenue/Employee

12.4 k

Financial Leverage

2.4 x

Darden Restaurants Market Value History

Darden Restaurants Online and Social Media Presence

Darden Restaurants Company Life and Culture

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